ASN CHART THREAD

[BEISHA]

Hi ALL

View attachment 3716
sub wave 3 up in action with above average volume, nice break out, very exciting phase coming up for ASN, drill expansion of the Paradox, exploration phase to accomodate long phase DFS for both Li & BR, with the results key to TETRA JV conversion.

Defining year 2022 for ASN, SP re rate on the cards for Paradox, with the BULL waiting in the wings.

Despite the war on Ukraine, MACRO markets have stabilised...........for now.

IMO

GLTAH


ATT ALL ASN HOLDERS !!

My apologies, but after 6 yrs on HC, i am no longer a member...........suspended indefinitely due to a remark I made about Adolph Putin ......

I have moved on to another forum..........( thestockexchange ) ....is a wonderful place to make money i can tell ya and you can speak freely too.....your all welcome to pop in and say HI.

All the best to everyone, hold strong, good times coming for ASN.

View attachment 3718


imo

Looks like sub wave 3 up is done and dusted, double top 18 , now sub wave 4 down taking place, 38 fib retrace are popular for wave 4 down, so lets see if that good support at 14.95 holds, if not, then i would be confident that the 50 fib ( 14c ) would be the base, with which sub wave 5 up follows, which in time , will take ASN well into the 20s.

Great opportunity for a top up if you have spare cash.

imo

GLTAH

 

[BEISHA]

Hi All

Sub wave 4 down looks to be complete, yellow arrow pointing to the wick of the candle coming off the strong support of 14.5 and now todays follow up bullish maruzobu candle ..........i think its safe to say sub wave 5 up is on its way, i will be looking for a top up once the 23 fib resistance ( 16. 12 ) is broken to the upside...........ultimately, that will confirm the swing up and very little resistance standing in ASN way.

imo

 

[BEISHA]

Hi All

The beauty about using Heiken Ashi candles is that it smoothes out the noise, when it goes green, you know you are in an uptrend for sure, when it goes red, you know you are in trouble..lol, yellow arrow pointing to a doji, meaning, we aint far from the start of sub wave 5 up, need to break strong resistance at 38 fib ( 15 ) and then 23 fib ( 16.15 ), then before you know it ASN will be in the 20s.

RSI 14 is above 50 and primed for a run.

Need volume

MACRO tonite is meant to be green.

Good luck all

imo

 

[BEISHA]

Hi All

View attachment 4211
The beauty about using Heiken Ashi candles is that it smoothes out the noise, when it goes green, you know you are in an uptrend for sure, when it goes red, you know you are in trouble..lol, yellow arrow pointing to a doji, meaning, we aint far from the start of sub wave 5 up, need to break strong resistance at 38 fib ( 15 ) and then 23 fib ( 16.15 ), then before you know it ASN will be in the 20s.

RSI 14 is above 50 and primed for a run.

Need volume

MACRO tonite is meant to be green.

Good luck all

imo

Hi All

The DOW looked like it was getting itself out of trouble before last nights wild ride............got as high as 35492 ( 900pts up )then dumped all the way down to 33811.........wtf ?

Interest rate hikes pending in May and inflation are the concerns.

Dow futures is predicting another 1000pt drop on Monday..................faaark!

Big tree shake going on for the Global X , current support needs to hold or its double bottom or worse.!

ASN still in a nice uptrend, but Macro negative forces applying pressure, 61 fib 13c support will again be challenged one would imagine, maybe even lower , great top up opportunities or just ride out the storm.

If SP drops sub 13c come Tuesday, i wont look a gift horse in the mouth.....

Just gotta hang in for better times.

imo

 

[Shivertown1]

And the good times are coming, thanks Beisha

 

[razmoo]

everything on my watchlist & in portfolio is down, except ASN is up! that's something!

 

[BEISHA]

Hi ALL

View attachment 3716
sub wave 3 up in action with above average volume, nice break out, very exciting phase coming up for ASN, drill expansion of the Paradox, exploration phase to accomodate long phase DFS for both Li & BR, with the results key to TETRA JV conversion.

Defining year 2022 for ASN, SP re rate on the cards for Paradox, with the BULL waiting in the wings.

Despite the war on Ukraine, MACRO markets have stabilised...........for now.

IMO

GLTAH


ATT ALL ASN HOLDERS !!

My apologies, but after 6 yrs on HC, i am no longer a member...........suspended indefinitely due to a remark I made about Adolph Putin ......

I have moved on to another forum..........( thestockexchange ) ....is a wonderful place to make money i can tell ya and you can speak freely too.....your all welcome to pop in and say HI.

All the best to everyone, hold strong, good times coming for ASN.

View attachment 3718


imo

Hi All

MACRO has been brutal of late, lots of red in my portfolio but ASN in the main, has been rock solid !!

I have been using Heiken Ashi candles of late, they " smooth " out the noise, when Heiken Ashi goes green, it usually goes for a run, yellow arrow pointing to that exact situation after wave 4 down finished perfectly in line with the height of wave 1 up.

I reckon Mr Market is getting a bit excited about Paradox and the drill rentries.

Strong resistance at 14/15/16 needs to be broken to release the shackles.

RSI 14 indicator turning and looking bullish.

Good results at Paradox or an announcement of drilling at the BULL might do the trick.

Need news !!

imo

 

[BEISHA]

Hi ALL

The week that was......

Dow jones was only down 90 pts over night, so i will take that as a win at this stage, altho for the week down 840pts and the trend suggests more downside to come unfortunately .

Sub wave 4 down usually drops to the level ( height of wave 1 ) or 38 fib, which means SP could drop sub 30000, which is still another 10% of pain and suffering, or it could drop to the minor support area highlighted in blue.

RSI 14 has now dropped to 38 support, level 30 is OVERSOLD, however, has gone as low as 17, so just have to see how this plays out...........tender hooks imo

This is the ETF that dictates terms with lithium players overall and when that is bullish, all players tend to follow suit.

You can see here that sub wave 4 down has hit the 38 fib and is looking to form a base ( upper yellow arrow )

RSI 14 is basing around 38 ( lower yellow arrow ) it appears, so we could be witnessing the early stages of sub wave 5 up here, but confirmation is required , a break of 70/75 resistance and the swing is definitely on.

Every lithium coy has been belted over the past weeks, ASN certainly not alone, as disappointing as it is to be back to " idiocy " level as OWB would say, the FA remains the same and in a short while , its expected that the FA will be proven up to multiples of what it currently is with the Paradox expansion.

By the time DFS is complete, i am expecting the MACRO to have calmed down , which will create a nice bullish environment for when that finally gets released.

In the mean time, just have to be patient and let the bearish MACRO play out , for you to enjoy the green shoots later on in the year.

Hold strong !

imo

 

[BEISHA]

Hi All

The week that was...

Dow jones was again negative for the week, down about 500pts , but got as low as 31228 and then formed a hammer stick ( yellow arrow ), could that be the bottom or is it fake news ?

Time will tell, but as i said before, the maximum low point would be the 38 fib ( 29808) or the height of wave 1 (29226 ), IMO

I mentioned in previous posts that GLOBAL X could be reversing, which would be a positive for all lithium players including ASN, three green candles in a row, indicating accumulation, RSI 14 flattening out ( check blue highlights ) nicely, for a swing to occur, RSI 14 needs to get above 50 and resistance @75.....imo

Despite all the bearish MACRO, long term trend is BULLISH, 10/10.5 support is a virtual fortress, has been tested plenty of times but has failed to penetrate, DFS not far away and an update on the PARADOX expansion shouldnt be far away either.

I want to see that RSI 14 indicator flatten out and get above 50 and SP to break 13.2 to confirm sub wave 3 up, which has a 1.618 fib target of 31.93.

If the Paradox expansion and DFS is positive, then that target will be met................BIG TIME !!

imo

 

[BEISHA]

Hi All

Dow still bearish, down another 1200 pts for the week, coming up to an interesting juncture tho, with minor and major support not far away, RSI 14 is now officially in the OVER SOLD zone , but has gone as low as 17, so potentially more pain to come still, hopefully by the end of next week, it should be starting to reverse.

Global X had a positive week, up 3pts, those blue bubbles suggest basing / accumulation going on, a swing would be confirmed if SP could get above the 23 fib and RSI 14 gets above 50.

Once again that support at 10c was very strong for ASN, despite the bearish MACRO, pushed off nicely and that yellow arrow points to a bullish harami, whereby a smaller candle body completely immerses with a previous long red candle............BULLISH.

RSI 14 is nicely placed , just under the 50 support.

ASN immediate challenge is to break the 23 fib resistance ( 14.41 )

Some nice news regards to the Paradox would be timely

Everything points to a positive start to next week for ASN.

Time will tell

imo

 

[BEISHA]

Hi All

View attachment 7380
Dow still bearish, down another 1200 pts for the week, coming up to an interesting juncture tho, with minor and major support not far away, RSI 14 is now officially in the OVER SOLD zone , but has gone as low as 17, so potentially more pain to come still, hopefully by the end of next week, it should be starting to reverse.

View attachment 7381
Global X had a positive week, up 3pts, those blue bubbles suggest basing / accumulation going on, a swing would be confirmed if SP could get above the 23 fib and RSI 14 gets above 50.

View attachment 7383
Once again that support at 10c was very strong for ASN, despite the bearish MACRO, pushed off nicely and that yellow arrow points to a bullish harami, whereby a smaller candle body completely immerses with a previous long red candle............BULLISH.

RSI 14 is nicely placed , just under the 50 support.

ASN immediate challenge is to break the 23 fib resistance ( 14.41 )

Some nice news regards to the Paradox would be timely

Everything points to a positive start to next week for ASN.

Time will tell

imo

@Embassy @GT8 Sorpresa @Shivertown1

Fantastic news today that ASN found saturated brine from the Missisipian basement / Paradox !!

Yellow arrow pointing to a triple convergance of the 5ema/20sma/30ema...............BULLISH

RSI 14 has now crossed 50................BULLISH.

Looking forward to the ensuing results plus DFS plus news on TETRA.

This is ASN time to shine.

imo

 

[BEISHA]

@Embassy @GT8 Sorpresa @Shivertown1 @razmoo @lellep and others

The week that was..........

The DOW is finally throwing out some bullish green tinges, that could signify a swing maybe imminent.

a) Yellow arrow pointing to RSI 14 poking its neck up from the OVER SOLD territory.

b) The brownish arrow pointing to a bullish harami pattern( smaller body candle completely immerses within the previous long red candle )

For a swing to be confirmed , SP needs to get above resistance at 34009.

Global X has had 2 positive weeks in a row now and a swing definitely looks on the cards.

a) RSI 14 has based off the low and rising , now challenging the 50 resistance, once it gets above that, then the swing gathers some steam

b) 5 ema rising, once it gets above the 20sma, then the swing becomes irresistable

For a confirmed swing, SP needs to break the 23 fib resistance at 78.

Looks like the ABC correction ( sub wave 2 down ) is over for ASN, yellow arrow pointing to the 5 ema rising and a confirmed break out from the previous week which displayed a doji candle.

The RSI 14 is rising nicely and is poking its nose above 50.

Once the 23 fib ( 14.41 ) resistance breaks to the upside, then the swing is on.

ASN is on the best EW cycle you can have now, main wave 3 up, sub wave 3 up, perfect timing for news on the Paradox expansion plus DFS, all of which is not too far away.

imo

 

[lellep]

@Embassy @GT8 Sorpresa @Shivertown1 @razmoo @lellep and others

The week that was..........

View attachment 7954
The DOW is finally throwing out some bullish green tinges, that could signify a swing maybe imminent.

a) Yellow arrow pointing to RSI 14 poking its neck up from the OVER SOLD territory.

b) The brownish arrow pointing to a bullish harami pattern( smaller body candle completely immerses within the previous long red candle )

For a swing to be confirmed , SP needs to get above resistance at 34009.

View attachment 7956
Global X has had 2 positive weeks in a row now and a swing definitely looks on the cards.

a) RSI 14 has based off the low and rising , now challenging the 50 resistance, once it gets above that, then the swing gathers some steam

b) 5 ema rising, once it gets above the 20sma, then the swing becomes irresistable

For a confirmed swing, SP needs to break the 23 fib resistance at 78.

View attachment 7957
Looks like the ABC correction ( sub wave 2 down ) is over for ASN, yellow arrow pointing to the 5 ema rising and a confirmed break out from the previous week which displayed a doji candle.

The RSI 14 is rising nicely and is poking its nose above 50.

Once the 23 fib ( 14.41 ) resistance breaks to the upside, then the swing is on.

ASN is on the best EW cycle you can have now, main wave 3 up, sub wave 3 up, perfect timing for news on the Paradox expansion plus DFS, all of which is not too far away.

View attachment 7959

imo

Looks very interesting.
Keep up the good work B

Lellep

 

[BEISHA]

Hi All

The week that was..........

DOW WEEKLY CHART

The chart has reached an interesting juncture, is the yellow arrow ( double top ) signifying a sub wave 2 down scenario whereby a BULL FLAG / PENNANT pattern may form , with sub wave 3 up to follow signifying a bottom at 30620 and a reversal up, or is it a BULL TRAP, with ABC extending down further to the 38 fib ( 29836 ) level, whereby most sub wave 4 down tends to attract ?

One thing is for sure, next week will be another tree shake, with a 1000pt drop or more on the cards.......IMO

Global X has had 3 weeks of green in a row, which begs the question, is a reversal on here, or is it a BULL TRAP ?

Lets have a look at the DAILY chart

Alot of green flags are telling me that a SWING up is really on here.

a) Sub wave 5 up is on ( not complete ), with higher highs / lows clearly evident.

b) 5 & 30 ema rising, along with 20sma and upper bollie band

c) RSI 14 is above 50 and not over bought.

That red resistance zone needs to break to the upside to confirm the swing, given the positives listed above, its highly likely that scenario will eventuate, hopefully next week, potentially countering the downside of the DOW and giving lithium players a bit of a boost..........time will tell.

ASN held pretty firm for the week, one of the better Li performers , probably not a surprise given the positive FA coming out, but, once again, it appears that the strong resistance zone in red is going to be a tough nut to crack, with the yellow arrow pointing to another capping.

The DAILY chart is suggesting an ABC sub wave 4 down, given the DOW was again negative on Friday night by another 200+ points, the likely hood is that ASN may drop down to about the 12c mark and accumulate, before sub wave 5 up follows there after, its likely that decent news will be required for that to activate......like another update on the PARADOX EXPANSION, or something left field, like a drilling campain starting for the BULL project.

Time will tell.

imo

 

[BEISHA]

Hi All

The week that was..........

I mentioned last week we could be in for a tree shake this week, unfortunately, my prediction turned into a HURRICANE with the tree trunk almost uprooted from the ground lol, with a near 1700pt drop .......

I also mentioned last week that the DOW was entering an interesting juncture, with 2 scenarios in play, one whereby minor sub wave 3 up would follow after minor sub wave 2 down ( yellow arrow ), or an extended ABC correction, that moment of truth has come to the nexus point right here and now.

For minor sub wave 3 up to occur, minor sub wave 2 down needs to hold at minor support 31392 / 31000, failure to do so will almost certainly mean that an extended ABC correction plays out, the good news, it wont be extended too far imo, sub wave 4 movements as i have mentioned many times, usually attracts the 38 fib ( 29785 ) and usually doesnt enter sub wave 1 up territory ( LHS in white ), so thats only about 1400 pts to go and in doing so, enters a reasonably strong support zone, worst case scenario, 28675 or a 5% drop in total.

RSI 14 is also very close to being over sold too.

Whilst the DOW is still tanking, Global X is the reverse, with a nice trend going on with higher lows / highs taking place, with minor sub wave 5 up to follow, SP is primed to break that strong resistance zone highlighted in red if it can hold on that good support at 72.

RSI 14 is perfectly placed just above 50, needs to hold there and rise.

With the DOW shatting its pants by 1700pts for the week, ASN didnt stand a chance trying to break that strong resistance zone highlighted in red, with the DOW tanking 880pts on Friday, that strong support zone highlighted in green is going to get challenged once again, lets hope it prevails , like it has in the past.

I bought more at 12c on friday, but restrained myself from going big, so i have extra funds in case it enters the green zone.

Whats the ole saying ?

"When the markets are fearful, time to get greedy "

I remind myself that results from the Paradox expansion PLUS DFS, is not far away.

Do we all feel that these results will drop in JULY still ?

@Embassy, @GT8 Sorpresa @FluffyQuack, @Shivertown1 or others ?

I notice that CARRSTE wants to know the EW wave count at HC, tell him its MAIN WAVE 3 UP, sub wave 3 up, minor sub wave 5 up..............bullish.

imo

 

[FluffyQuack]

Hi All

The week that was..........

View attachment 9060
I mentioned last week we could be in for a tree shake this week, unfortunately, my prediction turned into a HURRICANE with the tree trunk almost uprooted from the ground lol, with a near 1700pt drop .......

I also mentioned last week that the DOW was entering an interesting juncture, with 2 scenarios in play, one whereby minor sub wave 3 up would follow after minor sub wave 2 down ( yellow arrow ), or an extended ABC correction, that moment of truth has come to the nexus point right here and now.

For minor sub wave 3 up to occur, minor sub wave 2 down needs to hold at minor support 31392 / 31000, failure to do so will almost certainly mean that an extended ABC correction plays out, the good news, it wont be extended too far imo, sub wave 4 movements as i have mentioned many times, usually attracts the 38 fib ( 29785 ) and usually doesnt enter sub wave 1 up territory ( LHS in white ), so thats only about 1400 pts to go and in doing so, enters a reasonably strong support zone, worst case scenario, 28675 or a 5% drop in total.

RSI 14 is also very close to being over sold too.

View attachment 9061
Whilst the DOW is still tanking, Global X is the reverse, with a nice trend going on with higher lows / highs taking place, with minor sub wave 5 up to follow, SP is primed to break that strong resistance zone highlighted in red if it can hold on that good support at 72.

RSI 14 is perfectly placed just above 50, needs to hold there and rise.

View attachment 9062
With the DOW shatting its pants by 1700pts for the week, ASN didnt stand a chance trying to break that strong resistance zone highlighted in red, with the DOW tanking 880pts on Friday, that strong support zone highlighted in green is going to get challenged once again, lets hope it prevails , like it has in the past.

I bought more at 12c on friday, but restrained myself from going big, so i have extra funds in case it enters the green zone.

Whats the ole saying ?

"When the markets are fearful, time to get greedy "

I remind myself that results from the Paradox expansion PLUS DFS, is not far away.

Do we all feel that these results will drop in JULY still ?

@Embassy, @GT8 Sorpresa @FluffyQuack, @Shivertown1 or others ?

I notice that CARRSTE wants to know the EW wave count at HC, tell him its MAIN WAVE 3 UP, sub wave 3 up, minor sub wave 5 up..............bullish.

View attachment 9064
imo

@BEISHA, I'm not too concerned. The DFS could be 6/7 weeks away, and alot could happen in that time. The market is so jumpy this year that nothing would surprise me.

I wish I could jump in for more right now, everything else in my holdings has taken such a beating this week, but, failing winning the lotto, just have to sit this out, go camping, and/or catch up on my hobbies.

Quite a few on HC that seem to check stock so often they have developed a complex.

 

[Embassy]

I think it shouldn’t be long before results, they know what they’re doing these days, which lab to use etc. Only thing that could delay is if there is still some work banked up from pandemic slowdowns, but I reckon Bruce would have said if they expected a long wait. End of June should see the first few at the latest assuming they don’t just collect it all and do it in one batch.

 

[Embassy]

@BEISHA, I'm not too concerned. The DFS could be 6/7 weeks away, and alot could happen in that time. The market is so jumpy this year that nothing would surprise me.

I wish I could jump in for more right now, everything else in my holdings has taken such a beating this week, but, failing winning the lotto, just have to sit this out, go camping, and/or catch up on my hobbies.

Quite a few on HC that seem to check stock so often they have developed a complex.

get out in the fresh air with no reception, it’s been great for me - dirt biking in the hunter, didn’t even see the market massacre on Friday… it is what it is, long term investors do not care for the daily movements.

 

[FluffyQuack]

get out in the fresh air with no reception, it’s been great for me - dirt biking in the hunter, didn’t even see the market massacre on Friday… it is what it is, long term investors do not care for the daily movements.

Have the missus family staying this weekend, then it's off camping I go! Hardest question to answer will be, do I take the mountain bike, or the Kayak?

 

[BEISHA]

@Embassy @FluffyQuack

Everyone treads their own path in stock market land, whatever works for you and your family, especially in these bearish times, the long term picture for ASN looks extremely exciting regards to the PARADOX project, anything on top of that is a bonus.......aka the BULL project, which seems to be on the back burner for now.

Despite the bearish MACRO and the dire future outlook, quality will still rise to the surface, and ASN has a very good chance of multi bagging in the latter half of this year.

imo